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Sep 4, 2012 | 02:26

Wealth Strategies: Weak September may mean buying opportunities

Sep 4 - Jeff Hirsch of the Stock Trader's Almanac says markets are due for a pullback this month, but points out that will create opportunities at the end of the month, in most sectors other than energy.

TRANSCRIPT +

Vacation is over and it's back to work for everyone including its stock markets so what investors expect this September. For his thoughts sometime but kept Hirsch editor in chief of the stock trader's -- the disease that could be withdrawn. Yours since we saw a strong summer and equities have -- open -- forward or are there opportunities announcement that September month. I think will be opportunities keepers of temper September and -- opened strong managers even have a weak patch especially surrounding. Triple witching. And the week after so in the third quarter is -- -- support -- struck. -- some. Opportunities to make some long moves and later its temperature. So that might be a welcome change because often times September can be disastrous for the markets. It is the worst month of the year and that's what makes him attractive buying so you have to you know violent who was selling console line in the right stocks in the right sectors luckily you know September -- beginning of most of the polish sectors. You know seasonally so. That's a -- -- looking for stocks the markets up here you know near the highs I think we're right preventable. In terms of sectors is there any particular area of the market that tends to perform better in September. From a lot of the sectors come into play she's right now. I think what you want him to reverse that is the energy sector tends to sell off of Africa the you know. Push from hurricanes driving season of the heating oil and I think so and it's intense aloft from September through December and everything else is pretty much -- -- how does the political climate. Impact trading especially this year and Alex. Well having a sitting president running. Adds a little bit of floor underneath the market in general because of some certainty either that person in office is doing well. And the market's responding in the markets are pretty well this year it's it's on sort of an -- winning track believe or not but even if that's not the case. And things -- to actually get somebody new that comes in the incumbents Aston and the market rallies and celebrations that something is gonna change -- -- mean. I'm -- -- with the with the September thanks so much. Jeff -- is with the stock traders' almanac featured check writers inside a platform every day at 3 PM for more wealth strategies segments. I'm Rhonda -- this is writers.

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